New Report Series Highlights E-Commerce Threats, Fraud Against Retailers

  • Oct 30, 2024

Trustwave, a cybersecurity and managed security services provider, recently released a series of reports detailing the threats facing the retail sector, marking the second year of its ongoing research into these critical security issues.

In its annual research, Trustwave SpiderLabs highlights the unique factors at play in retail, significant trends currently affecting the industry, including ransomware, shifts in compliance, and the rise of e-commerce, and provides an overview of threat actor techniques by attack stage.

Additionally, Trustwave SpiderLabs has produced two complementary in-depth write-ups on pressing threats in the sector: e-commerce threats and risks, and fraud targeting retailers. Trustwave SpiderLabs’ analysis delves into why these threats are particularly pervasive in the retail vertical, providing retailers with a clearer understanding of the landscape and effective strategies to mitigate risks.

"As we enter the holiday shopping season, the rise in e-commerce threats and the alarming trends in cyber fraud underscore the need for heightened vigilance in protecting consumer data,” said Trustwave CISO Kory Daniels. “A single incident can undermine customer trust and lead to long-term financial impacts, making robust cybersecurity measures not just a necessity but a critical component of sustainable business practices in today’s retail landscape. By prioritizing security, we not only protect our customers but also foster trust, ensuring a secure and enjoyable experience this holiday season."

Cybersecurity in the retail sector is particularly challenging due to the increasing complexity of IT environments, which often encompass in-store systems, online platforms, and supply chain networks. Retailers also face a unique threat landscape due to seasonal fluctuations, third-party dependencies, physical security risks, and franchise models.

Key findings from Trustwave SpiderLabs’ retail research series include:

  • 58% of attacks originated from phishing
  • 47% of stolen user sessions leverage Amazon domains
  • 92% of credential access techniques were brute-force attempts
  • 15% of ransomware attacks were conducted by Play and LockBit
  • 62% of ransomware attacks were in the US
  • 16% of ransomware attacks targeted Food & Beverage retailers

In 2023, Trustwave released its first Retail Threat Intelligence Briefing that analyzed the attack flow specific to the retail sector, offering insight on specific threat actors, actionable intelligence, and recommended mitigations for each stage.

To access this year’s research, please click here for the full retail threat research series.

Featured

  • Achieving Clear Audio

    In today’s ever-changing world of security and risk management, effective communication via an intercom and door entry communication system is a critical communication tool to keep a facility’s staff, visitors and vendors safe. Read Now

  • Beyond Apps: Access Control for Today’s Residents

    The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now

  • Survey: 48 Percent of Worshippers Feel Less Safe Attending In-Person Services

    Almost half (48%) of those who attend religious services say they feel less safe attending in-person due to rising acts of violence at places of worship. In fact, 39% report these safety concerns have led them to change how often they attend in-person services, according to new research from Verkada conducted online by The Harris Poll among 1,123 U.S. adults who attend a religious service or event at least once a month. Read Now

  • AI Used as Part of Sophisticated Espionage Campaign

    A cybersecurity inflection point has been reached in which AI models has become genuinely useful in cybersecurity operation. But to no surprise, they can used for both good works and ill will. Systemic evaluations show cyber capabilities double in six months, and they have been tracking real-world cyberattacks showing how malicious actors were using AI capabilities. These capabilities were predicted and are expected to evolve, but what stood out for researchers was how quickly they have done so, at scale. Read Now

  • Why the Future of Video Security Is Happening Outside the Cloud

    For years, the cloud has captivated the physical security industry. And for good reasons. Remote access, elastic scalability and simplified maintenance reshaped how we think about deploying and managing systems. Read Now

Most   Popular

New Products

  • EasyGate SPT and SPD

    EasyGate SPT SPD

    Security solutions do not have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demonstrated their Art of Security philosophy in practice — and confirmed their position as an industry-leading manufacturers of premium speed gates and turnstiles.

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.